
The number of homes being put on the market for sale has dropped by 25% in the first half of the year compared with the same period in 2020.
The property website Zoopla said the average price of a home was £230,700 - as much as 5.4% higher than the same month a year ago.
It said the sharp increase had come as the number of homes being put on the market for sale had dropped by 25% in the first half of the year compared with the same period in 2020.
Comment: In the US some of this is being driven by financial institutions buying up houses as a store of investment and also the apparent intention of turning America into a country of renters; aka "you'll own nothing and you'll be happy": US investment giants buying up neighborhoods, MSM telling us we should rent - this 'new normal' spells the death of the American Dream














Comment: It's possibly a sign that people are aware, if even subconsciously, that we live in extremely volatile times and they realise that owning a family home is the safest and most practical investment; even if it means paying above the asking price. That said, well over a decade of government mismanagement and corruption, along with multiple property owning landlords, has led to a lack of homes available and has encouraged yet another bubble that has the potential to burst: